Supply Chain Management

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Supply chain management involves managing the flow of goods and services from the producer to the consumer. It includes understanding the supply chain, logistics, inventory management, and transportation coordination.

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"Supply chain management (SCM) deals with a system of procurement, operations management, logistics, and marketing channels..."
"... procurement, operations management, logistics, and marketing channels."
"The objective of supply chain management is to create net value, build a competitive infrastructure, leverage worldwide logistics, synchronize supply with demand, and measure performance globally."
"Supply chain management encompasses the integrated planning and execution of processes required to optimize the flow of materials, information, and capital."
"Marketing channels play an important role in supply-chain management."
"Current research in supply-chain management is concerned with topics related to sustainability, volatility, and risk management, among others."
"An important concept discussed in SCM is supply chain resilience."
"The 'people dimension' of SCM, ethical issues, internal integration, transparency/visibility, and human capital/talent management are topics that have, so far, been underrepresented on the research agenda."
"Supply chain management is focused on a more traditional management and business-based approach, whereas supply chain engineering is focused on a mathematical model-based one."
"Supply chain management ensures that raw materials can be converted into a finished product and delivered to the end customer."
"Interconnected, interrelated or interlinked networks, channels, and node businesses combine in the provision of products and services required by end customers in a supply chain."
"SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information, and capital in functions that broadly include demand planning, sourcing, production, inventory management, and logistics."
"Supply chain management includes the movement and storage of raw materials, work-in-process inventory, finished goods, and end-to-end order fulfillment from the point of origin to the point of consumption."
"SCM is the broad range of activities required to plan, control, and execute a product's flow from materials to production to distribution in the most economical way possible."
"SCM focuses on ensuring the production of high-quality products at high speed with good flexibility and low production cost."
"The design, planning, execution, control, and monitoring of supply chain activities are important elements of SCM."
"The objective of supply chain management is to build a competitive infrastructure, leverage worldwide logistics, and synchronize supply with demand."
"Supply chain management strives for an integrated, multidisciplinary, multimethod approach."
"The objective of supply chain management is to create net value."
"The objective of supply chain management is to measure performance globally."